Taseko Mines (LON:TKO) PT Raised to GBX 275 at Canaccord Genuity Group

Taseko Mines (LON:TKO) had its target price hoisted by stock analysts at Canaccord Genuity Group from GBX 235 ($2.90) to GBX 275 ($3.40) in a research report issued to clients and investors on Friday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 43.23% from the company’s current price.

Taseko Mines Price Performance

LON TKO opened at GBX 192 ($2.37) on Friday. The stock’s fifty day moving average price is GBX 155.78 and its 200 day moving average price is GBX 120.83. Taseko Mines has a 1 year low of GBX 81 ($1.00) and a 1 year high of GBX 208 ($2.57). The company has a market cap of £556.80 million, a price-to-earnings ratio of 9,600.00 and a beta of 2.09.

Insider Activity at Taseko Mines

In related news, insider Anu Dhir purchased 14,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of GBX 353 ($4.36) per share, with a total value of £49,420 ($61,042.49). In related news, insider Anu Dhir purchased 14,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of GBX 353 ($4.36) per share, with a total value of £49,420 ($61,042.49). Also, insider Robert Dickinson sold 500,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of GBX 336 ($4.15), for a total value of £1,680,000 ($2,075,098.81). 3.23% of the stock is owned by insiders.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.